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The worldwide “Great Depression” of the 1930s was caused by Michael Moneybags, a prominent New ...

The worldwide “Great Depression” of the 1930s was caused by Michael Moneybags, a prominent New York Stock broker, who suffered from severe paranoia and told six wealthy friends to sell their stocks no matter what the price when he heard of a European bank going bankrupt in October 1929. Which logical error in causal explanation is presented in this explanation of the Great Depression?
A) Null hypothesis
B) Spurious statement
C) Ecological fallacy
D) Reductionism
E) None of the above

Textbook

Basics of Social Research, Canadian Edition

Edition: 4^th

Authors: Neuman, Robson

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